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The Best Ever CRE Show

JF609: What Mobile Home Parks Can Yield in Cash Flow

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7996 Ratings

🗓️ 3 May 2016

⏱️ 27 minutes

🧾️ Download transcript

Summary

Mobile home parks are very lucrative investments as they don'trequire as much maintenance as an apartment community. Our guesthas the experience in putting together mobile home park deals andhe is going to share how he closed on three worth approximately$1.5 million. Hear his advice and consider mobile homeinvesting!Best Ever Tweet:You have to get over the doubt and the fear.Robert San Luis real estate background: Been an investor and entrepreneur for over 25 years Focused on mobile home syndications and has owned 3 mobile homeparks in Texas worth roughly $1.5M Author of Wealth Without WallStreet Based in Newport Beach, California Say hi to him at robertsanluis.com His Best Ever book: PitchAnything by Oren Klaff Please Take 4 Min and Rate and Review the BestEver Show in iTunes.  Listen to all episodes and get a FREE crash course onreal estate investing at:http://www.joefairless.com Need financing? Are you a buy-and-hold investor or doing fix andflips? I recommend talking to Lima One Capital. A Best EverGuest told me about them after I asked how he financed 10properties in one year. They are an asset-based lender with uniqueprograms for long-term hold and fix and flippers. Click tolearn more or, better yet, reach out to Cortney Newmans at LimaOne Capital. His cell is 404.824.6121. Subscribe to Joe’s YouTube Channel here to learnmultifamily and raising money tips:https://www.youtube.com/channel/UCwTzctSEMu4L0tKN2b_esfg Subscribe in iTunes  and  Stitcher  so you don’t miss anepisode! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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Invest for income.

1:06.3

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1:08.1

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1:10.9

as opposed to gambling.

1:14.0

Best ever listeners, I want to mention Lima One Capital and I found out about them

1:18.0

through a guest that I was interviewing on the show and he mentioned how he was scaling his business he was actually

1:24.5

buying 10 single-family homes within one year and I asked them how were you

1:30.8

able to buy 10 single-family homes and how are you financing that?

1:33.6

He's like, oh well I just use an asset-based lender.

1:36.7

It's like, who is that?

1:38.3

And he told me it's a Lima one capital.

1:40.8

I reached out to them afterwards, got to know them, and they are the sponsor of today's episode, because they've got some unique lending programs.

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